Overview
- Designations freeze assets in South Korea, including cryptocurrency, restrict domestic financial transactions, and bar sanctioned individuals from entry.
- The list targets the Prince Group and the Huione Group with dozens of affiliates, naming Prince chairman Chen Zhi, China’s Han Chenghao, and Li Guanghao.
- Entities identified span multiple jurisdictions, including Cambodia, Hong Kong, Taiwan, Singapore, and the British Virgin Islands.
- Seoul describes the action as its largest single sanctions package to date and its first use of unilateral sanctions against transnational crime.
- The campaign runs alongside MOUs with China and Cambodia and a new joint task force, which authorities say has already led to arrests in Sihanoukville.